Morgan Stanley analyst Adam Kramer raised the firm’s price target on AvalonBay (AVB) to $228 from $226 and keeps an Equal Weight rating on the shares after updating estimates to reflect Q1 earnings. The firm notes that its FY25 FFO per share estimate of $11.39 is unchanged while it raised its FY26 FFO per share forecast to $11.99 from $11.87.
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